Beware the Ides of March. The FSA grace period extends through March 15, 2024.
Some employers offer a Flexible Spending Account (FSA), enabling employees to contribute to a personal fund to pay for out-of-pocket healthcare or dependent care expenses. These tax-advantaged funds have an expiration date; you typically must use most or all of the FSA money in your account by the end of the 12-month plan period. About 36% of all FSAs allow a grace period to spend any remaining funds.
